The energy transition is changing the dynamics of the global investment landscape and opening the door to new activities and business opportunities that will likely impact the sector’s labor market. Evidence from certain LAC countries suggests that for every million dollars invested in the energy sector’s emergent areas, between 7 and 49 new jobs are created. To fully unlock … [Read more...] about Unlocking the employment potential of Latin America’s Energy Transition
At the climate summit in Glasgow, UN Secretary-General António Guterres had a blunt message: “The six years since the Paris Climate Agreement have been the six hottest years on record. Our addiction to fossil fuels is pushing humanity to the brink”. To stand a chance of limiting global warming to 1.5°C, the goal that international leaders have set to keep the climate crisis … [Read more...] about Six reasons why supporting natural gas can put public finances at risk
Colombia published the National Hydrogen Strategy and Road Map. This guide will be key for securing a strategic position in a nascent industry that has the potential to revolutionize energy markets in the coming decades. Hydrogen is the most abundant element in Earth’s atmosphere. It can be utilized as fuel, an energy carrier, and industrial raw material to store and … [Read more...] about Colombia Takes Position in the Green Hydrogen Industry in Latin America
As the number of vaccines rises and vaccinations programs throughout Latin America and the Caribbean (LAC) take up different speeds, the end of the covid pandemic is within sight. From the Energy division in the IDB, we have been tracking the impact the covid transformative effects in LAC’s behaviors and economic activity have on utilities. While the pandemic grew in strength … [Read more...] about The road ahead: how the pandemic transformed electricity demand. The path to recovery.
It is estimated that the cheapest green hydrogen (H2) production in 2030 would come from Latin American countries. The latest data on hydrogen levelized costs shows: 1) a decrease of 13% in the 2030 green H2 forecast, compared to the previous outlook; 2) by 2030, green hydrogen should be cheaper than blue hydrogen in many markets and it will be competitive with natural gas … [Read more...] about Would green hydrogen be the natural development of Latin America and Caribbean renewables endowment?